23-Unit Apartment
4920 S Broadway, Los Angeles, CA 90037
For Sale
$6,200,000
Built in 2008, the community includes a varied mix of two-, three-, and four-bedroom homes.
Property Size25,313 SF
Lot Size0.41 Acres
Price / SF$244.93
Days on Market21
Property Features for 4920 S Broadway
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig · License #(S):CA:01406343
(213) 943-1897
Source:
Forwardinglewood
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 7 at 5:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
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Investment Insights
Based on property information with market context.
This 23-unit apartment property was completed in 2008 and contains 25,313 square feet. Its unit mix comprises four two-bedroom apartments, eleven three-bedroom apartments, and eight four-bedroom apartments. The site measures 17,756 square feet and includes garage parking for 46 vehicles.
The property is on South Broadway in Los Angeles, east of the 110 freeway and north of Slauson Avenue. The surrounding area is described as a high-density part of South Los Angeles, with access to employment hubs, retail, and entertainment.
The property is on South Broadway in Los Angeles, east of the 110 freeway and north of Slauson Avenue. The surrounding area is described as a high-density part of South Los Angeles, with access to employment hubs, retail, and entertainment.
Key Highlights
- 23 apartments across four two‑bedroom, eleven three‑bedroom, and eight four‑bedroom units
- 25,313 square feet of property area on a 17,756‑square‑foot parcel
- Garage parking for 46 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$375,893
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,517,860
$7.5M
Cap Rate 7%
$5,369,900
$5.4M
Cap Rate 9%
$4,176,589
$4.2M
Market Conditions
NOI Build-Up for 25,313 SF
Gross rent
$688.3K $27.19/SF
− Vacancy
−$4.8K −$0.19/SF
EGI
$683.4K $27.00/SF
− OpEx
−$307.5K −$12.15/SF
NOI
$375.9K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,517,860
Cap Rate 7%
$5,369,900
Cap Rate 9%
$4,176,589
Alternative Uses
Best Use
Apartment 5plus
$5.37M
$4.70M – $6.26M
NOI $375,893 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.92M
$8.68M – $11.57M
NOI $694,299 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
23
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2008, the community includes a varied mix of two-, three-, and four-bedroom homes.
Where is this apartment building located?
The property is located at 4920 S Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 23 apartments across four two‑bedroom, eleven three‑bedroom, and eight four‑bedroom units; 25,313 square feet of property area on a 17,756‑square‑foot parcel; Garage parking for 46 vehicles
